1529 Applegate LnAlabasterAL35007
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Alabaster at 1529 Applegate Ln, Alabaster, AL, 35007 generates $1,772/mo in rent and, after a $751/mo payment, leaves $898/mo in cash flow. Total monthly income is $1,772/mo, and annual cash flow is $10,777/yr on $50,885 invested. Return on cash invested sits at 41.09% in year one, and rental yield is 13.85% on a $153,500 entry. Equity gained on principal adds $991/yr, while 5% annual appreciation builds toward $42,409 over five years. Five-year ROI reaches 215.85% and total cumulative return in cash sums $109,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,772/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35007, Alabaster, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,730 (100%) |
| Owner Occupied HU | 8,592 (80.1%) |
| Renter Occupied HU | 1,767 (16.5%) |
| Vacant Housing Units | 371 ( 3.5%) |
| Median Home Value | $283,979 |
| Average Home Value | $334,122 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
9,866
Multi-Family
612
Businesses
1,121
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Listed by: David Smith • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421647
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.